NewsSignals AI analysis·Dow Jones Newswires·Nov 2, 2026

Brent Could Reach $140 a Barrel Next Year in Upside Scenario, Goldman Says — Market Talk

Grade Abullish AI signal$BRENT

Goldman Sachs says Brent crude could reach $140 a barrel and average around $130 next year if Gulf oil production remains significantly below prewar levels. The bank's upside scenario assumes output runs 3.5 million barrels per day below its 2025 average, while intensified shipping attacks and infrastructure damage are identified as potential price-upside triggers. Brent could face a sharp reversal toward the $60s if a sustainable US-Iran deal allows Gulf production to recover faster than expected.

Bullish strength: 65/100

Brent could reach $140 per barrel and average around $130 next year in Goldman's upside scenario.
Gulf production remaining significantly below prewar levels could tighten oil supply.
Intensified shipping attacks or oil infrastructure damage could increase the risk premium.

Bearish strength: 35/100

Brent could fall into the $60s if Gulf production recovers faster than expected.
A sustainable US-Iran deal could support a recovery in Gulf output to 2.5 million barrels per day above 2025 levels.

This is automated NewsSignals analysis of third-party reporting, not independent original reporting or investment advice. AI scores are not price predictions.

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